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7-9 Bushman Street
Parkes NSW 2870
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Sold on 23 Oct 2018

7-9 Bushman Street Parkes NSW 2870

  • Hotel, Motel, Pub & Leisure
  • 3,726 m²
  • Sold

30 Year Net Lease - Long Term Operator Character Hotel

Auction 11am AEDT Tuesday 23 October 2018, Sydney

4 star AAA rated boutique accommodation hotel + restaurant & wine bar
30 year lease until 2044 + options to 2064
Highly experienced long term operator
20 luxuriously appointed rooms plus DA approval (lapsed) for 30 additional rooms
Strong NSW growth region underpinned by mining, tourism, logistics, infrastructure, energy and agriculture with planned $8.4B government investment in Melbourne-Brisbane land & rail project
High level of repeat corporate clientele
Attractive depreciation benefits
Annual rent increases to greater of CPI or 3%
Net lease, tenant pays all outgoings

Net Income: $191,336 pa + GST

Property Highlights

Date Sold23 Oct 2018
Floor AreaAsk Agent
Land Area3,726 m²
ParkingAsk Agent
Property ID2014659366
Category
Last updated  23 Oct 2018
Map for 7-9 Bushman Street Parkes NSW 2870

Property Highlights

Date Sold23 Oct 2018
Floor AreaAsk Agent
Land Area3,726 m²
ParkingAsk Agent
Property ID2014659366
Category
Last updated  23 Oct 2018
Level 11.02, 9 Castlereagh Street Sydney NSW 2000

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